Regional Management Corp
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 21, 2025
RM$36.02-0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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GLOSSARY
Terms and abbreviations used in this report are defined below:
| Term or Abbreviation | Definition |
|---|---|
| 2015 Plan | 2015 Long-Term Incentive Plan |
| 2024 Plan | 2024 Long-Term Incentive Plan |
| ACH | automated clearing house |
| AFS | available-for-sale |
| APR | annual percentage rate |
| ASU | Accounting Standards Update |
| AWS | Amazon Web Services |
| Back book | loans originated from the fourth quarter of 2021 through the third quarter of 2022 and all delinquent renewals associated with loans originated prior to the fourth quarter of 2022 |
| Board | the Company's Board of Directors |
| B(W) | comparatively better shown as positives, comparatively worse shown as negatives |
| Bylaws | the Company's bylaws |
| CAGR | compound annual growth rate |
| CFPB | Consumer Financial Protection Bureau |
| CODM | Chief Operating Decision Maker |
| Code of Ethics | the Code of Business Conduct and Ethics adopted by the Board |
| Company | Regional Management Corp. |
| Consent Agreement | Consent Agreement between the CFPB and the Company dated January 4, 2024 |
| Cost of funds | annualized (as applicable) interest expense as a percentage of average net finance receivables |
| CSPU | cash-settled performance unit |
| Debt balance | the balance for each respective debt agreement, composed of principal balance and accrued interest |
| Delinquency rate | delinquent loans outstanding as a percentage of ending net finance receivables |
| Dodd-Frank Act | Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 |
| Efficiency ratio | annualized (as applicable) general and administrative expenses as a percentage of total revenue |
| ERM | enterprise risk management |
| Exchange Act | the Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standard Board |
| FICO | Fair Isaac Corporation |
| Funded debt-to-equity ratio | debt divided by total stockholders' equity |
| GAAP | U.S. Generally Accepted Accounting Principles |
| Inc (Dec) | comparative increases shown as positives, comparative decreases shown as negatives |
| Issuance Trust | the Company's indirect SPE through which private offerings and sales consisting of the issuance of classes of fixed-rate, asset-backed noted are completed |
| KTIP | key team member incentive program |
| LGD | loss given default |
| LIBOR | London Interbank Offered Rate |
| LTIP | long-term incentive program |
| Net credit loss ratio | annualized (as applicable) net credit losses as a percentage of average net finance receivables |
| Nortridge | Nortridge Software, LLC |
| Notice | notice provided by the CFPB to the Company dated March 7, 2023 |
| NQSO | nonqualified stock option |
| NYSE | New York Stock Exchange |
| Operating expense ratio | annualized (as applicable) general and administrative expenses as a percentage of average net finance receivables |
| PD | probability of default |
| PRSU | performance restricted stock unit |
| Term or Abbreviation | Definition |
|---|---|
| Receivables | certain retail installment contracts and promissory notes that secure certain financing arrangements |
| RMIT | Regional Management Issuance Trust |
| RMR | Regional Management Receivables |
| RMR III | Regional Management Receivables III, LLC |
| RMR IV | Regional Management Receivables IV, LLC |
| RMR V | Regional Management Receivables V, LLC |
| RMR VI | Regional Management Receivables VI, LLC |
| RMR VII | Regional Management Receivables VII, LLC |
| RSA | restricted stock award |
| RSU | restricted stock unit |
| SDIS | Senior Director of Information Security |
| SEC | Securities and Exchange Commission |
| Servicer | the Company, acting in the capacity as the servicer with respect to securitizations |
| SOFR | secured overnight financing rate |
| SPE | wholly owned, bankruptcy-remote, special purpose entity |
| Stockholders' equity ratio | total stockholders' equity as a percentage of total assets |
| TDR | troubled debt restructuring |
| Universal Proxy Rule | Exchange Act Rule 14a-19 |
| VIE | variable interest entity |
| YoY | year-over-year |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.